ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 4,636 shares, a decrease of 73.4% from the June 30th total of 17,403 shares. Based on an average trading volume of 597 shares, the short-interest ratio is presently 7.8 days. Approximately 0.3% of the shares of the stock are sold short.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of AMUB traded up $0.02 during trading hours on Friday, hitting $23.08. 9 shares of the company were exchanged, compared to its average volume of 780. The firm has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $21.59. ETRACS Alerian MLP Index ETN Series B has a one year low of $17.65 and a one year high of $23.55.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a $0.3242 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.30 dividend on an annualized basis and a yield of 5.6%. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

Institutional Trading of ETRACS Alerian MLP Index ETN Series B

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of ETRACS Alerian MLP Index ETN Series B in the fourth quarter worth about $394,000. Susquehanna International Group LLP purchased a new position in shares of ETRACS Alerian MLP Index ETN Series B in the third quarter worth approximately $886,000. Finally, North Capital Inc. raised its holdings in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% during the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock valued at $1,912,000 after acquiring an additional 929 shares during the period.

ETRACS Alerian MLP Index ETN Series B Company Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.